Baptist Health Care Corporation

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Phone

8504344714

Tax Period

2021-10-01 to 2022-09-30

Baptist Health Care Corporation, founded in 1983, is a major nonprofit that reported $105.8M in total revenue in fiscal year 2021. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.5M, a strong 17% operating margin.

Mission

THE MISSION OF BAPTIST HEALTH CARE IS HELPING PEOPLE THROUGHOUT LIFE'S JOURNEY.

Program Service Accomplishments

Program 1

Expenses: $74,262,001 Revenue: $88,792,186

BAPTIST HEALTH CARE CORPORATION IS RESPONSIBLE FOR STRATEGIC PLANNING, FINANCIAL PLANNING, AND RESOURCE ALLOCATION FOR A MULTI-ENTITY SYSTEM OF HEALTHCARE PROVIDERS IN PENSACOLA, FLORIDA AND THE...

BAPTIST HEALTH CARE CORPORATION IS RESPONSIBLE FOR STRATEGIC PLANNING, FINANCIAL PLANNING, AND RESOURCE ALLOCATION FOR A MULTI-ENTITY SYSTEM OF HEALTHCARE PROVIDERS IN PENSACOLA, FLORIDA AND THE SURROUNDING NORTHWEST FLORIDA-SOUTH ALABAMA COMMUNITIES; URGENT CARE PATIENT FACILITIES PROVIDING SERVICES TO OUR LOCAL COMMUNITIES. AT YEAR END, THE ACTIVITIES OF BAPTIST HEALTH CARE CORPORATION WERE MERGED INTO BAPTIST HEALTH CARE, INC. AND BAPTIST HEALTH CARE CORPORATION DISSOLVED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $89,648,602

Investment Income $15,303,804

Other Revenue $877,974

TOTAL REVENUE $105,830,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,593,949

Fundraising Expenses $0

Program Expenses $74,262,001

Other Expenses $34,773,111

TOTAL EXPENSES $87,367,060

Year-over-Year Comparison

	2021	2020	Change
Revenue	$105,830,380	$76,429,479	+0.4%
Expenses	$87,367,060	$77,144,585	+0.1%
Net Income	$18,463,320	$-715,106	-26.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

770

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,465,856

Total Directors

Key Employees

$3,021,022

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	MEMBER/TREASURER	1.0	Officer Director	$0	$0	$0
N/A	MEMBER/SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	MEMBER/CHAIRMAN	1.0	Officer Director	$0	$0	$0
N/A	MEMBER/VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	SVP	15.0	Officer	$326,953	$36,321	$363,274
N/A	EXEC VP	10.0	Officer	$0	$40,284	$809,508
N/A	SVP,OPERATIONS	10.0	Officer	$0	$19,630	$357,237
N/A	SENIOR VP/GENERAL COUNSEL	50.0	Officer	$429,236	$36,653	$465,889
N/A	SVP	10.0	Officer	$0	$37,328	$448,553
N/A	PRESIDENT/CEO	40.0	Officer	$1,172,675	$43,497	$1,216,172
N/A	SENIOR VP/CFO	30.0	Officer	$777,399	$27,824	$805,223
N/A	VICE PRESIDENT	40.0	Key Emp	$334,758	$36,703	$371,461
N/A	VICE PRESIDENT	40.0	Key Emp	$328,713	$23,576	$352,289
N/A	VICE PRESIDENT	40.0	Key Emp	$434,393	$27,110	$461,503
N/A	VICE PRESIDENT	40.0	Key Emp	$277,140	$25,274	$302,414
N/A	VP/CHIEF MEDICAL OFFICER	40.0	Key Emp	$505,861	$38,290	$544,151
N/A	VICE PRESIDENT	40.0	Key Emp	$435,493	$40,428	$475,921
N/A	VICE PRESIDENT	40.0	Key Emp	$311,904	$37,669	$349,573
N/A	VP/CIO	40.0	Key Emp	$160,779	$2,931	$163,710
N/A	PHYSICIAN	40.0	Highest	$404,275	$29,273	$433,548
N/A	PHYSICIAN	40.0	Highest	$180,366	$8,431	$188,797
N/A	Chief Compliance Officer	40.0	Highest	$180,472	$31,276	$211,748
N/A	PHYSICIAN	40.0	Highest	$201,063	$16,247	$217,310
N/A	PHYSICIAN	40.0	Highest	$353,077	$28,058	$381,135
N/A	SENIOR VP-BHC/CEO-LCI	N/A		$315,665	$26,423	$342,088

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$105,830,380	$87,367,060	No data	$18,463,320
2021	$76,429,479	$77,144,585	$313,506,584	$-715,106
2020	$70,355,158	$70,212,294	$21,213,767	$142,864
2019	$66,892,331	$66,890,526	$19,523,275	$1,805
2018	$61,910,694	$63,209,864	$20,537,389	$-1,299,170